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Conversational AI is a mere communication medium that allows humans and computer systems to communicate back and forth via natural conversations. These solutions are making a tremendous impact on customer-facing functions in various domains in the form of chatbots. ChatGPT is the new kid on the block, already breaking the benchmarks with its exciting capabilities.

What’s ChatGPT?
Generative Pretrained Transformer (GPT) is a language processing technology created by OpenAI.

Does it like you heard before? Yes, you might have; they are the ones who developed the infamous Dall-E 2, an AI art generator & Whisper – Speech recognition AI. GPT-3 is the latest version, the core of ChatGPT, that showcases the advanced capabilities of the AI spectrum.

The evolution of ChatGPT has been a journey of several key developments and advancements in the AI space. GPT uses deep learning algorithms & language learning models to generate human-like text as an answer for a given prompt.

We took it for a spin & here is how it surprised us.

First, we asked about life on mars. And this is what it said to us.

Then, we asked it to introduce us to its coding knowledge.

But we find that it still needs some refinement for better coding accuracy. The caveat here is the nature of GPT, which solely focuses on grammatical correction to sound natural, which makes its credibility questionable under the coding context.

And we asked if it believes that AI can replace humans. Not once, but twice. Look at what it said in both instances.

What do you feel? Does it need some training, or is it too reserved for us to share such information? GPT is trained on a large corpus of text data, such as books, articles, and conversations, to learn human language patterns and structures, which are publicly available. It is a valuable tool for various applications, such as language translation, text summarization, and question answering, as it can generate coherent, natural, and diverse text.

Natural human-like text, Quick processing and generation, and Adaptability to large datasets are the critical advantages of ChatGPT. Similarly, it has drawbacks, which rely on complex algorithms, biased text, and expensive development and maintenance.

We also had conversations about how it can benefit various industries. Here are some of them for you readers:


Education Industry

Prompt: Hey, can you help the education industry?

ChatGPT:

Yes, I can help the education industry in various ways, such as:
1. Developing algorithms and machine learning techniques to improve personalized learning and adaptive testing.
2. Creating virtual and augmented reality tools and simulations to enhance the learning experience and engage students in a more immersive way.
3. Building data analytics systems to collect, analyze, and visualize student data, allowing educators to make informed decisions and track progress.
4. Creating online platforms and portals for students and teachers to collaborate, share resources, and engage in discussions and forums.
5. Developing educational software and applications to support various learning styles and needs, such as online tutoring and adaptive learning tools.


Health care Industry

Prompt: What about the healthcare industry?

ChatGPT:

Yes, I can also help the healthcare industry in various ways, such as:
1. Implementing electronic health records systems to improve data management and communication among healthcare providers.
2. Developing telehealth platforms and tools to provide remote access to healthcare services and consultations.
3. Collaborating with healthcare organizations and professionals to design and implement evidence-based healthcare practices and protocols.
4. Conducting research and studies to understand the latest trends and developments in healthcare and sharing the findings with healthcare providers and policy makers.
5. Advocating for healthcare policies and initiatives that support and promote high-quality, affordable, and accessible healthcare for all individuals.

Prompt: how will you do this? “Conducting research and studies to understand the latest trends and developments in healthcare, and sharing the findings with healthcare providers and policy makers”

ChatGPT:

To conduct research on the latest trends and developments in healthcare, I would gather relevant data and information, use appropriate research methods and techniques to analyze the data, and share the findings with healthcare providers and policy makers through various channels. By sharing my research findings, I hope to contribute to the advancement of healthcare knowledge and practices and help improve the overall quality of healthcare services.


Financial Industry

Prompt: How can you be of use to the financial Industry from a technical perspective?

ChatGPT:

1. Implementing algorithms and machine learning techniques to improve risk assessment and fraud detection.
2. Using virtual and augmented reality tools and simulations to train financial professionals and improve decision-making.
3. Designing data analytics systems to collect, analyze, and visualize financial data, allowing financial institutions to make informed decisions and track performance.
4. Developing online platforms and portals for financial institutions, investors, and customers to collaborate, share resources, and engage in discussions and forums.
5. Creating financial software and applications to support various financial needs, such as online banking and investment management.


Supply Chain Industry

Prompt: How about Supply Chain?

ChatGPT:

Yes, I can also help the supply chain industry in various ways, such as:
1. Implementing supply chain management technologies and techniques, such as blockchain, artificial intelligence, and automation, to improve efficiency and transparency.
2. Developing sustainable and responsible sourcing practices to reduce environmental and social impact and improve supplier relationships.
3. Collaborating with supply chain partners and stakeholders to design and implement innovative and efficient supply chain models and systems.
4. Conducting research and studies to understand the latest trends and developments in supply chain and sharing the findings with supply chain partners and policy makers.
5. Developing training programs for supply chain professionals to improve their skills and knowledge. This can help ensure that the supply chain industry has a competent and qualified workforce.


Technology Industry

Prompt: what is your use case for the tech industry?

ChatGPT:

In the tech industry, I can help by:
1. Implementing cutting-edge technologies, such as 5G, IoT, and blockchain, to improve the performance and capabilities of existing products and services.
2. Developing innovative and user-friendly design and user experience to enhance the customer experience and engagement.
3. Collaborating with tech companies and startups to design and implement effective and scalable business models and strategies.
4. Conducting research and studies to understand the latest trends and developments in the tech industry and sharing the findings with tech companies and policy makers.
5. Promoting tech policies and initiatives that support and promote innovation and competitiveness in the global market.

At this development stage, ChatGPT is quite prone to errors like sharing inaccurate & unverified information and lack of visibility to base references for the information being shared as answers. This leads us to seek external validation from trusted resources for in-depth prompts in fields like programming, medicine, science, etc. But ultimately, the GPT has the versatility & defining scope that enables conversational chatbots to generate responses in real-time that are highly relevant and accurate. With the help of machine learning and natural language processing, platforms and tools that support chatbot applications can be accessed via the chat GPT, and APIs and SDKs can be used to integrate the GPT into custom chatbot applications.

As AI tools and technologies continue to emerge, it is imperative that professionals should look at them as allies & learn how to use these tools to gain the most benefits and advantages. Head out to ChatGPT & get your hands on it. In case you have tried it out already, do share your learnings and insights with us!

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